SHARE Hong Kong's First Legally CNH Stable Coin Will Come

On September 18, CITIC International Asset Management Co., Ltd. signed an agreement with Galaxy Digital Asset Management Co., Ltd. to officially enter the digital asset management business through the equity investment and business restructuring of galaxy asset management, with the issuance of Wealth in Token and its control system. After receiving the resources and license support of the new shareholders, Galaxy Asset Management will accelerate the expansion of asset certification in Hong Kong, compliance operation and comprehensive development.

Galaxy Asset Management and CITIC International have established a strict asset management system, which is managed by licensees in accordance with regulatory standards, and all funds are custody in large commercial banks that comply with regulations. At the same time, Galaxy Asset Management has been working closely with professional institutions at all levels, and has been actively applying for the approval and filing of the new business model of WIT.

WIT is an ERC20-based blockchain application. It is an electronic voucher issued by the auditor with CNH as the settlement standard, the customer's funds or the excess pledge of high-quality digital assets, according to the corresponding process.

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